Supply chain activities include all the following except
A) Purchasing of raw materials
B) Distribution of parts
C) Administration of customer relationships
D) Process selection
E) Distribution of finished goods
D
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As a general rule, revenue is recognized at the point of sale. Which one of the following situations illustrates this rule?
a. Products are sold to customers on credit with payment due in 30 days. b. Employees are paid wages the week after the wages are earned. c. Products are purchased for resale purposes. d. Interest is collected from amounts loaned to employees.
The cost of goods available for sale during the accounting period must be divided between the cost of goods sold and the ending inventory
Indicate whether the statement is true or false
What is not one of the role challenges of the Corporate Ethics Officer?
a. Conflict b. Ambiguity c. Complexity d. tolerance
The ________ rule states that acceptance is effective when it is dispatched, even if it is lost in transmission.
A. silence-as-acceptance B. mirror image C. mailbox D. mutual assent